1 Analyses of this federal-register by attorneys

  1. District Court Charts Pathway for Election Gambling

    BakerHostetlerMichelle TanneySeptember 20, 2024

    ntegrated into the Office of Technology Innovation in October 2021.ConclusionAlthough the future of election betting remains uncertain, even if the circuit court rules in line with Judge Cobb, it is not clear how far her decision could extend. For instance, would it be permissible to bet on the presidential election? There are many legal and policy questions to contend with as a new era of prediction markets might be on the horizon. Kalshi website, About Kalshi, available at https://kalshi.com/about. Order Prohibiting Listing and Making Available for Clearing or Trading through Kalshi Congressional Control Contracts (CFTC, Sept. 22, 2023), https://www.cftc.gov/sites/default/files/filings/documents/2023/orgkexkalshiordersig230922.pdf.Id. Rostin Behnam, Chairman, CFTC, Statement Regarding Proposed Event Contracts Rulemaking (May 10, 2024), https://www.cftc.gov/PressRoom/SpeechesTestimony/behnamstatement051024. Extension of Comment Period for Proposed Amendments to Event Contracts Rules, 89 Fed. Reg. 55528 (June 27, 2024). Complaint at 3-4, KalshiEX LLC v. CFTC, No. 23-cv-3527 (D.D.C. 2024).Id. at 4.Id. at 3-4.Id. at 4.Id. at 4.Id. at 5.Id. at 5. Defendant CFTC’s Cross Motion for Summary Judgment and Opposition to Plaintiff’s Motion for Summary Judgment at 20, KalshiEX LLC v. CFTC, No. 23-cv-3527 (D.D.C. 2024).Id. at 21.Id. at 22. Memorandum Opinion Regarding Plaintiff’s Motion for Summary Judgment and Defendant’s Cross Motion for Summary Judgment at 2, KalshiEX LLC v. CFTC, No. 23-cv-3527 (Sep. 12, 2024). Reps. Dusty Johnson, et al., Comment Letter on Proposed Rule Regarding Event Contract Markets (May 3, 2024).Clarke v. CFTC, No. 22-51124 (July 21, 2023). “Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets,” Hearing Before the H. Comm. on Fin. Serv., Subcommittee on Digital Assets, Financial Technology and Inclusion, 118th Cong. (2024), available at: https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=409360.[View source.]